I prepare Wills for my clients who wish them but I also do some small estate planning where Wills arent really as necessary. The short answer is LAWS OF INTESTATE SUCCESSION detemine who takes what n what shares if the decedent dies intestate and if that just happens to be the same ones they wish to take (would leave by Will) alls fine butttttttttttt if they wish to distribute their property otherwise, BEST HAVE A VALID WILL........ And, of course theres all that Trust and Living Trust (revocable and non revocable) can of worms we can delve into
Other lil tidbits, one can disinherit a child BUT NOT a spouse cuz they can elect to take against the will.........A living person has no heirs...........As one grows old there is a good argument its better if they own near to nothing..........and I advise certain clients (depends on situation n their desires) to reduce what will be their "estate" to near zero by means of inter vivos transfers which withstand Medicare scrutiny (if thats possible lol)
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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